BTIG lowered the firm’s price target on Snowflake (SNOW) to $235 from $312 and keeps a Buy rating on the shares ahead of its Q4 results. Contacts the firm has spoken with see Snowflake sustaining 25% growth within their respective practices and indicated that momentum should carry through 2026, the analyst tells investors in a research note. BTIG adds however that the company’s new product initiatives are primarily seen as expanding existing customer spend with Snowflake vs. driving new logo wins.
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